In the last decades, innovation activity has been defined by an increasing complexity and a faster pace of the underlying technological change. Accordingly, several studies have shown that competitive systems of innovation benefit from being able to build upon a wide but integrated spectrum of...

This paper explores the links between open innovation and the emergence of a phoenix industry - the low carbon vehicles sector - in the UK's traditional automotive heartland, focusing on the West Midlands region. It highlights three major factors in driving the development of this ‘phoenix'...

Promoting MSME innovation has been one of the priority work programs of APEC. MSME innovation policy in the APEC and member economies such as Vietnam, has focused on promoting venture capital and startup firms in the ICT industry. This study critically examines such a policy approach, and argues...

A new generation of cellular technology has been deployed every decade since the 1980s. We are presently amid the global commercial deployment by Mobile Network Operators (MNOs) of the fifth generation (5G) of cellular technology; and concurrently, a flurry of research is engaged in designing...

This paper uses a large language model to develop an ex-ante measure of the commercial potential of scientific findings. In addition to validating the measure against the typical holdout sample, we validate it externally against 1.) the progression of scientific findings through a major...

Christensen (1997) provided evidence for disruptions in the hard disk drive industry by examining the technological changes of disk drives. By building up the disruption model, Christensen argues that the failures of the established firms in the industry to respond to simple technological...

The purpose of the present paper is to describe the role of uncertainty and technical change in an environmental context. Which impact does ecological uncertainty have on physical and R&D investments' decisions? How are pollution trajectories modified when uncertainty is taken into account? To...

The productivity paradox has sparked a great deal of research during the past three decades. Unfortunately, neither the results of empirical research nor the theoretical explanations for the paradox provide a convincing answer to whether investments in information and communication technology...

This paper deals with proprietary information and industrial espionage. To obtain this goal, an innovation-based growth model is constructed where R&D employment is split into two types of researchers: inventors and spies. The paper provides an analysis of the steady-state effects of better...

This paper explores an equilibrium model for industry entry dynamics and technological change. We focus on the share valuation of firms in the transition as technology changes, and whether or not share prices are always increasing when technology improves. We find that there can be a U-shaped...